Consumer Purpose Loans definition

Consumer Purpose Loans means loans to one or more individuals the proceeds of which are used to purchase goods, services or merchandise for personal, household or family use.
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Consumer Purpose Loans means loans to one or more individuals the proceeds of which are used to purchase goods, services or merchandise for personal, household or family use. “Continuing Director” means (a) any member of the Board of Directors who was a director (or comparable manager) of a Person on the date of this Agreement, and (b) any individual who becomes a member of the Board of Directors after the date of this Agreement if such individual was approved, appointed or nominated for election to the Board of Directors by a majority of the Continuing Directors, but excluding any such individual originally proposed for election in opposition to the Board of Directors in office on the date of this Agreement in an actual or threatened election contest relating to the election of the directors (or comparable managers) of a Person and whose initial assumption of office resulted from such contest or the settlement thereof. “Control Agreement” means any control agreement entered into among any Borrower, Agent and a financial institution, as each may be amended, modified, restated or extended from time to time. “Covered Entity” means any of the following: (i) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §252.82(b); (ii) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §47.3(b); or (iii) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §382.2(b). “Credit Documents” means this Agreement, the Notes, the Subordination Agreements, the Control Agreements, the Custodian Agreement, the Guaranties, Collateral Pledge Agreements, System Provider Letter Agreement, Issuer Documents and any and all additional documents, instruments, agreements and other writings executed and delivered pursuant to or in connection with this Agreement, as each may be amended, modified, restated or extended from time to time. “Custodian” means a Person reasonably acceptable to Agent. “Custodian Agreement” means a Custodian Agreement by and among Agent, Borrowers, and Custodian, as the same may be amended, modified, restated or extended from time to time. “Debt” means as of the date of determination, all outstanding indebtedness including without limitation: (a) all loans made hereunder to Borrowers; (b) accounts payable as of the date of determination; (c) income tax liabilities; (d) mortgages; (e) deposits, debenture instruments, and other instruments, including all accruals of interest ...
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Examples of Consumer Purpose Loans in a sentence

  • No Borrower has direct or indirect Subsidiaries or Affiliates, or investments in or loans to any other individuals or business entities (other than Consumer Purpose Loans), except as described in Exhibit H attached hereto and made part hereof.

  • Advances shall be used to finance Borrowers’ portfolios of Consumer Purpose Loans, for general working capital purposes and for other lawful corporate purposes except as limited under this Agreement.

  • On 21 March 2022, ESA lodged an application for a decision on the admissibility of the action as a preliminary matter pursuant Article 133(1) of the Rules of Procedure of the EFTA Court (“RoP”).

  • Borrower has no direct or indirect Subsidiaries or Affiliates, or investments in or loans to any other individuals or business entities (other than Consumer Purpose Loans), except as described in Exhibit G of this Agreement.

  • Advances shall be used to finance Borrowers’ portfolios of Consumer Purpose Loans which constitute Eligible Receivables and for other lawful corporate purposes except as limited under this Agreement.

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  • No Borrower has direct or indirect Subsidiaries or Affiliates, or investments in or loans to any other Person (other than Consumer Purpose Loans), except as described in Schedule 4.12 attached hereto and made part hereof.

  • Evaluate all facilities/systems that handle or manage these items for the potential for environmental damage from a release.

  • As of the date of this Agreement, no Borrower has direct or indirect Subsidiaries or Affiliates or Investments (other than Consumer Purpose Loans), except as described in Schedule 4.12 attached hereto and made part hereof.

  • Advances shall be used to finance (a) the consummation of the Acquisition on the date hereof, (b) Borrowers acquisition of Borrowers’ portfolios of Consumer Purpose Loans which constitute Eligible Receivables and (c) for other lawful corporate purposes except as limited under this Agreement.

Related to Consumer Purpose Loans

  • Consumer Loans means Loans to individuals for household, family and other personal expenditures (including United States and/or State-guaranteed student loans and extensions of credit pursuant to a credit card plan or debit card plan).

  • Consumer loan means a loan to one or more individuals for household, fam- ily, or other personal expenditures. A consumer loan does not include a home mortgage, small business, or small farm loan. Consumer loans include the following categories of loans:

  • Consumer transaction means a transaction in which (i) an individual incurs an obligation primarily for personal, family, or household purposes, (ii) a security interest secures the obligation, and (iii) the collateral is held or acquired primarily for personal, family, or household purposes. The term includes consumer-goods transactions.

  • Consumer account means an account established primarily for personal, family, or household use.

  • Consumer credit transaction means a consumer credit sale or consumer loan, or a refinancing or consolidation thereof, or a consumer lease, or a consumer rental purchase agreement.

  • Post-Consumer Waste means any product generated by a business or consumer which has served its intended end use, and which has been separated or diverted from solid waste for the purpose of recycling into a usable commodity or product, and which does not include post-industrial waste.

  • Consumer debtor means a debtor in a consumer transaction.

  • Related Consumer Action means a private action by or on behalf of one or more consumers or an enforcement action by another governmental agency brought against Respondent based on substantially the same facts as described in Section IV of this Consent Order.

  • Consumer-goods transaction means a consumer transaction in which:

  • Consumer Protection Act means the Consumer Protection Act, No 68 of 2008;

  • Consumer product means a chemically formulated product used by household and institutional consumers including, but not limited to, detergents; cleaning compounds; polishes; floor finishes; cosmetics; personal care products; home, lawn, and garden products; disinfectants; sanitizers; aerosol paints; and automotive specialty products; but does not include other paint products, furniture coatings, or architectural coatings. As used in this article, the term “consumer product” shall also refer to aerosol adhesives, including aerosol adhesives used for consumer, industrial, and commercial uses.

  • Consumer Guarantee means a consumer guarantee applicable to this contract under the Australian Consumer Law, including any Express Warranty.

  • Australian Consumer Law means the Australian Consumer Law set out in Schedule 2 of the Competition and Consumer Act 2010 (Cth).

  • Consumer Contract means an agreement between the Retailer and the Consumer that includes the supply of electricity and distribution services;

  • Post-consumer material means a material or finished product that has served its intended use and has been discarded for disposal or recovery, having completed its life as a consumer item. Post consumer material is a part of the broader category of "recycled content."

  • Consumer advocate means the consumer advocate referred to in Iowa Code chapter 475A.

  • Higher Education Act means the Higher Education Act of 1965, as amended, together with any rules, regulations and interpretations thereunder.

  • Consumer fireworks means fireworks devices that are designed to produce visible effects by combustion, that are required to comply with the construction, chemical composition, and labeling regulations promulgated by the United States consumer product safety commission under 16 CFR parts 1500 and 1507, and that are listed in APA standard 87-1, 3.1.2, 3.1.3, or 3.5. Consumer fireworks does not include low-impact fireworks.

  • Consumer credit means credit offered or extended to a consumer primarily for personal, family, or household purposes.

  • Postconsumer waste means a finished material that would normally be

  • Consumer obligor means an obligor who is an individual and who incurred the obligation as part of a transaction entered into primarily for personal, family, or household purposes.

  • Consumer goods means goods that are used or bought for use primarily for personal, family, or household purposes.

  • Fair Credit Reporting Act The Fair Credit Reporting Act of 1970, as amended.

  • Securities Financing Transactions Regulation means Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012;

  • Financial Assistance Agreement means the Financial Assistance Agreement by and between the State of Wisconsin by the Department of Natural Resources and the Department of Administration and the Municipality pursuant to which the Bonds are to be issued and sold to the State, substantially in the form attached hereto and incorporated herein by this reference;

  • Eligible Consumer means a consumer of electricity in the area of supply of the distribution licensee, who uses a rooftop solar system installed in the consumer premises, to offset part or all of the consumer's own electrical requirements, given that such systems can be self-owned or third party owned;